Recent news makes investors concerned about the influence governments can exert over one’s assets, and privacy coins are rallying. As the most prominent anonymous cryptocurrency, Monero was not left behind. Let’s see what Monero price prediction 2022 and beyond is in this new landscape.
Monero Price Prediction 2022-2030
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- Monero price prediction 2022 is uncertain to the point that the range of possibilities is as wide as from $97 to $8,433;
- According to the forecasts, by 2025 XMR can eventually grow up to $4,421;
- At the end of the decade, in 2030, XMR is predicted to trade for somewhere between $501 and $3,542.
What is Monero (XMR)?
Monero is a cryptocurrency protocol that by default masks information about the transaction participants and amounts. It does so using cryptographic techniques such as ring confidential transactions, which eliminate the need for the ledger to publish information openly.
Over the years hundreds of developers have contributed to the codebase, which was originally based on the CryptoNote protocol described by Nicolas von Saberhagen. To this day, Monero does not have a foundation or a corporate entity backing it, it is run purely by the community effort.
XMR is the ticker that the cryptocurrency uses. The coin is mineable with CPUs, and each new block rewards approximately 0.88 XMR plus transaction fees.
For more information on Monero’s origins, present and prospects, read our Beginner’s Guide to XMR.
XMR Price History
XMR Price in 2014-2018
As a community-run coin, Monero had a fair launch without a premine or presales. The market was shaping the price of XMR from the very start.
All the way back in 2014, it was traded for a price slightly above $2. By 2015, it was worth ten times less, and barely crossed the threshold of $0.5.
The first significant rally for XMR started in 2016. In September, it reached a record $12 for that time.
By 2017, it rose to $13 at the start of the year and skyrocketed to $469.2 in December. A correction followed in 2018, and by the end of the year it was down at $46.23, losing almost 90%.
XMR Price in 2019-2020
During the crypto winter of 2019, XMR did not stay suppressed and tried to break out. In mid-2019, it even rallied to $117.
2020 started at a slightly lower point than 2019, $45.5, and XMR’s breakout was halted by a March crash. However, later in 2020 it entered an ascending channel and joined the bull run.
By the end of 2020, XMR was worth $156.57 but it was far from the end of the rally.
XMR Price in 2021-2022
In 2021, the rally continued and culminated in May, when XMR reached its ATH $517.62 on May, 07. The following correction was sharp, and bulls did not return to XMR for the second leg up.
In 2022 so far, XMR is on the downside, having started at $234 and going down since. At the moment of writing, the XMR price is $185.34 and it ranks 37th by market capitalization on CoinMarketCap.
What Influences the Price of Monero?
Monero has a reputation that comes with its privacy coin status, and is used accordingly. It is both touted as an answer to total surveillance and scorned as a cryptocurrency that enables illicit use.
Among the things that caused users to show more attention to Monero are Biden’s executive order to regulate crypto assets, Canadian vaccine mandate protests and sanctions on Russia placed after its invasion of Ukraine.
All these events are characterized by the anxiety over governments being able to freeze and seize assets of individuals. Some traders went to secure their holdings in untraceable Monero.
Generally speaking, protocol updates have a positive impact on the price of an asset. Improving usability and stability can extend the impact beyond the moment of announcement and anticipation.
However, in Monero’s case, the protocol has not had significant upgrades in a while. The latest feature that was close to generating interest is atomic swaps, and its XMR-to-BTC specification was released in August 2021.
On the one hand, it is reasonable that the community does not use constant announcements just to generate hype and focuses on building the project. On the other hand, it is hard for a decentralized team to consistently ship upgrades and maintain developer consensus, hence the slow growth.
In 2022, the features in the pipeline are Triptych, RingCTs for applications, return addresses and second layer solutions.
Listings and Delistings
As far as trading goes, having diverse markets and arbitrage opportunities usually has a positive impact on price movements. In the case with privacy coins, it is slightly more complicated.
Centralized exchanges are not very likely to list privacy coins due to regulatory concerns. Those that had Monero trading pairs, even had to remove them.
However, the rise of popularity of decentralized exchanges allowed for more markets for Monero. Despite the fact that most of DeFi uses wrapped Monero, which does not have the privacy features of the original protocol, the price of XMR is still affected by trading there.
Monero on Twitter
#Monero is the only true privacy coin.
The transaction count of $XMR dwarves that of #Zcash.
XMR transaction count will keep TRENDING UP since the increase in price of XMR, creating a positive price/tx feedback loop.
I’m stacking #Monero.
image credit: @JEhrenhofer pic.twitter.com/dBOY7c051f
— John Foss (@johnfoss69) March 14, 2022
Monero advocate John Foss stated a reason to be bullish on XMR: the network activity is continuously increasing. It means more adoption with users, which bolsters the value of XMR.
$XMR vs BTC.
Trader Kawaii Crypto points at a possible breakout in the XMR/BTC pair. It means that XMR will outperform Bitcoin in the short term at the very least.
— The Monero Club (@themoneroclub) March 14, 2022
The Monero Club highlighted the importance of XMR in the world that has CBDCs. If other cryptocurrencies are pseudonymous and do not necessarily give away the identity of owners, CBDCs will be even more easily linkable to individuals.
Monero Price Prediction 2022
Analysis by CryptoNewsZ paints a bullish prospect for Monero’s price. They believe that the bullish impulse on the market is not yet exhausted, and in the best circumstances it can reach $282.
Prediction service Previsioni Bitcoin is even more optimistic. They see XMR at $452.10 in a month already, but by the end of the year its price will slightly decrease to $319.13.
YouTuber Lewis Jackson charts levels to look out for in Monero for this bull run. It is worth mentioning that his method of using linear Fibonacci retracement on a logarithmic scale is unconventional at best.
With that in mind, by combining technical and historical analysis, he sees a potential picture for Monero in 2022. The market bottom can land anywhere between $97-133, and his targets are at Fibonacci top level between $1,700-2,000. He can see Monero turning this into support and reaching a new ATH at $8,433.
Monero Price Predictions for 2023 and 2024
Prediction service by the TradingBeasts website forecasts some volatility for XMR in 2023. In mid-year, it will be trading lower with the predicted minimum of $109.302 but grow until the end of the year up to $221.892.
Even less bullish prospects for Monero in 2024 are seen in the prediction by Long Forecast. March 2024 will see XMR for $304 a piece, but by December its price will go down to $140.
Monero Price Prediction 2025
Prediction service Crypto-Rating claims that by 2025, Monero will secure wider acceptance by the public that wishes to keep their privacy. Their estimates place the target for 2025 at $4,421 per XMR.
Another service, PricePrediction.net keeps it modest. Their projected range for Monero in 2025 is between $708 and $866.10.
Similar XMR forecast is provided by TechNewsLeader: Monero will be traded in the range between $737.13 and 763.84.
Monero Price Prediction 2030
With the available data, it is still not reliable to project for the end of the decade. Many of the influencing factors may not even exist yet.
Today’s estimates for so far into the future can only be viewed as guesses. Captain Altcoin places the target for XMR in 2030 at $3,542.68, and Coin Price Forecast — at $501-526.
ChangeHero XMR Price Prediction
Today’s political climate seems to be a fertile ground for privacy coins. At the same time, very limited access to markets can stunt the growth even in these circumstances.
Monero has the potential to approach and exceed $500 and its current ATH. The only question is when, and it does not seem that this market cycle will take it there.
How to get XMR on ChangeHero?
If you already have crypto, you can use it to buy XMR on ChangeHero, it’s very easy:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your XMR wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate at the time of step 1;
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- As soon as the exchange has been processed, your XMR are on the way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].
Rising inflation, governments freezing assets and limiting access, upcoming regulations all favorably affect the reputation of privacy coins. Monero, being the oldest and most reliable one, faces competition but ultimately is the safest pick.
What do you think about our Monero price prediction? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.
[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Monero and XMR?” answer-0=”Monero (XMR) is a peer-to-peer cryptocurrency protocol, characterized by its obfuscation of user addresses and amounts transferred, enabled by default.” image-0=”” headline-1=”h4″ question-1=”Is Monero a good investment 2022?” answer-1=”Recent news suggests that Monero is a popular asset, especially for the long term. Most of the experts have high confidence in XMR but following XMR news might be a good idea.” image-1=”” headline-2=”h4″ question-2=”What will Monero be worth in 2022?” answer-2=”According to different analysts, in 2022 the XMR price can renew an ATH at $8,433 or see a correction to $97.” image-2=”” headline-3=”h4″ question-3=”What will Monero be worth by 2025?” answer-3=”Depending on the source, XMR is expected to be in the range between $708 and $4,421 in 2025.” image-3=”” headline-4=”h4″ question-4=”What will Monero be worth in 2030?” answer-4=”By 2030, XMR is estimated to be worth between $501 and $3,542.68.” image-4=”” headline-5=”h4″ question-5=”Will Monero reach $1,000?” answer-5=”The most bullish predictions see XMR reaching $1,000 and going beyond it as soon as in 2022. Others push this milestone farther into the future to 2025.” image-5=”” count=”6″ html=”true” css_class=””]
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.